As you can see in the graph above we are in a bearish channel almost 4 months and the price just touching resistance! The second reason to sell is the big resistance on W1 Kijun Sen (Ichimoku indicator) Sell NASDAQ Entry Price: 6685 Stop Loss: 6800 Take Profit: 6332
Another simple chart indicating the bull for tech stocks may be over. Enter the bear.
MSFT Monthly chart New highest peaks coming! It continues to move in the bollinger upper band for five years on monthly indicators, will continue to rise and will form new peaks Indicators and oscillator averages are positive, there is not any reason for to rise. Hourly charts may have ups and downs What matters is the general trend and general trend is rising ...
Nasdaq has been in consolidation since start of the second week of this month. 7000 is the strong resistance and 6800 is strong support for this month. NDX is trying to break the 7000 and this rising wedge pattern is giving us the confirmation of bullishness. Break and sustain above 7000 will lead to 7200-7400 and to other hand break and suatin below 6800 will...
NDX has formed bearish Bar on daily as well as on 4hr Chart. It shows that bears are in control till 6575-6537.Daily Trend is Up but I will Short at 6630 with The STOP Loss of 6665 For The TGT of 6575-6530. My View is is for day trading.
Nasdaq has broken the daily trendline from February 2018'. I will buy Positional with stoploss of 6580 for target 6800.
Step #1: Prior to the Bullish Wolfe Wave Formation look to have a clear Bearish Trend Step #2: Try finding a 5 wave move that can be contained in a channel. Last wave 5 must break below the channel Step #3: Buy after we break and close inside the Price Channel. Step #4: Draw a trendline that connects the wave 1 low and wave 4 high and extend it in the future....
Very good news came for Synergy pharmaceuticals, the FDA approved expanded indication to treat irritable bowel for one of their products. However, according to some analysts seems that the company suffers from cash constipation (lol) which limits its access to loans with which it could exploit this product to the maximum. I think it is quite interesting what...
Nice Bullish Kicker. Micron just beat Wall Street's expectations after it announced higher than expected earnings. The stock was up 6% when the market opened. There was some extensive profit taking which was expected before Christmas. The price is starting to recover to the daily high. Today is the best time to get in. Stop loss at 39. Take profit at 58.
Possible short Nas100, overheated, includes a short in US30. Target as trendchannel
Google Alphabet #GOOGL american stock is breaking all time highs. Creating new weekly and daily demand zones. Longs at Daily and weekly demand zones in a clear bigger picture uptrend with new levels of demand being created.
Apple weekly demand zone playing out, long bias. Apple is in a clear uptrend with new demand zones being created. Previous weekly demand played out nicely weekly demand playing out. Longs on lower timeframes.
Trump policies, profit realization requirement and some technical indicators base this strategy. Also u can see triangle formation too. Profit and stop loss levels are on the graph. Good luck.
NAS100 - Global turning zone and channel limits.
New Weekly demand formed on APPLE #APPL around 151-ish. Previous weekly demand level at 143 played out really well. Long bias. Potential weekly demand imbalance being created around 159.
As we all know, inside bars suggests a continuation of the trend or a reversal of it when forming on notable resistances/supports, USTEC has continued its journey to the moon after the recent huge decline. Buying a stock after reaching an all-time high, after retracements, is alright. I've been holding two long positions for the past weeks with an open TP, and I...
NASDAQ 100 Index of US listed shares GONE SHORT Sentiment changed at the end of last week and that sets up for a renewed run in equities. But just how strong will this move be? The chart does show the RSI in technically overbought territory. But there is a saying in technical analysis, overbought can always get more overbought. *Tensions with North Korea...